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Trade explanation

 

 

Dear traders,

 

Last days I was try to show you my style and I was try to explain how I count successful over risk/reward. This time I want to show you one good trade and one bad trade. First I will show you WHR trade what we took at 09/16/2013 at 140.10 with stop at $139.40. Target was $150 area and on the chart we can see that WHR reached that area. At same time we were in GPRE what we took at same day with entry price at $17.20 and stop at $16.90. Unfortunately GPRE next day opened with bigger gap against us. I was use 15 min gap rule in hope that we will see bounce but yesterday before FED announcement that was not case. At same time WHR did great and showed some pre FED weakness and at $144.60 I decide to close trade. Reason for that was also GPRE situation. After all WHR gave us 6.43 reward and GPRE 5.77 loss. So we were still positive if we look those two trades. I like to show you that as swing traders can see gap against us and GPRE was one of biggest gaps what I had in my 14 years carrier. Despite of that we had several more really nice reward trades and after FED action we close them and finish day with nice profit. If you interested to see results please click here:

 

http://xpertstocktrader.com/index.php?option=com_content&view=article&id=1081:trading-results-for-september-2013&catid=79&Itemid=475

 

 

 

 

Entry chart

 

http://www.xpertstocktrader.com/2013/09162013whr.jpg

 

 

Exit chart

 

http://www.xpertstocktrader.com/2013/09192013whr.jpg


 

 

GPRE entry chart

 

 

 

GPRE exit chart

 

 

 

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